Business News

Many credit institutions in Việt Nam have achieved a digital transaction rate of more than 95 per cent. Nearly 87 per cent of Vietnamese adults have bank accounts. The digital transformation of the banking industry must be further promoted to better the connection between commercial banks with people, enterprises and the State, Prime Minister Phạm Minh Chính said at a banking event on Thursday.

According to the latest warehousing study released by Zebra Technologies Corporation on May 20, with the rise of e-commerce, globalisation of supply chains, and consumer expectations for faster deliveries, businesses are increasingly adopting smart warehousing solutions to optimise inventory management, reduce operational expenses, and improve customer satisfaction.

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The Vietnamese pharmaceutical sector has recently witnessed one of its largest mergers and acquisitions (M&A) to date, with Livzon Pharmaceutical Group Inc. of China acquiring approximately 64.81 per cent of Imexpharm Pharmaceutical Joint Stock Company (IMP). The deal, valued at over VNĐ5.73 trillion (about US$220.6 million), underscores the increasing attractiveness of Việt Nam's pharmaceutical industry to foreign investors.

The e-commerce market has experienced rapid growth, leading to a surge in demand for highly skilled talent. The country’s e-commerce market surpassed US$25 billion last year, growing by 22 per cent year-on-year, and now accounts for approximately nine per cent of total retail sales in goods and consumer services.

The Vietnamese Government is seeking to attract more private investment in railway infrastructure through new provisions in the draft of the amended Railway Law. The proposed changes were presented to the National Assembly on May 27 during its 9th sitting, aiming to expand funding mechanisms and boost public-private partnerships in the sector, reported the Government news site.

The Government has submitted a prosposal to establish a Free Trade Zone (FTZ) in the northern port city of Hai Phong to the National Assembly. If approved by the legislative body, the FTZ shall be allowed to pilot special mechanisms and policies to attract investment and spur exports and research and development activities.

According to the Ministry of Agriculture and Environment, Vietnam’s agro-forestry-fishery exports totalled 21.15 billion USD in the first four months of 2025, up 10.7% year-on-year. Agricultural products contributed 11.6 billion USD, forestry products 5.56 billion USD, fishery products 3.09 billion USD, and livestock products 178 million USD.